Coldstream Capital Management Inc. Has $656,000 Stake in Check Point Software Technologies Ltd. $CHKP

Coldstream Capital Management Inc. grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 127.2% in the second quarter, Holdings Channel reports. The institutional investor owned 2,967 shares of the technology company’s stock after purchasing an additional 1,661 shares during the period. Coldstream Capital Management Inc.’s holdings in Check Point Software Technologies were worth $656,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CHKP. AE Wealth Management LLC raised its holdings in Check Point Software Technologies by 4.9% in the 1st quarter. AE Wealth Management LLC now owns 1,750 shares of the technology company’s stock valued at $399,000 after acquiring an additional 82 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Check Point Software Technologies by 1.4% during the first quarter. Cetera Investment Advisers now owns 64,396 shares of the technology company’s stock valued at $14,677,000 after purchasing an additional 868 shares during the period. TD Asset Management Inc raised its stake in shares of Check Point Software Technologies by 11.5% in the first quarter. TD Asset Management Inc now owns 39,732 shares of the technology company’s stock valued at $9,056,000 after purchasing an additional 4,103 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Check Point Software Technologies by 11.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,048 shares of the technology company’s stock worth $14,598,000 after purchasing an additional 6,593 shares during the period. Finally, LPL Financial LLC boosted its stake in Check Point Software Technologies by 9.3% during the first quarter. LPL Financial LLC now owns 180,629 shares of the technology company’s stock worth $41,169,000 after buying an additional 15,386 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 0.8%

NASDAQ:CHKP opened at $184.34 on Thursday. The firm has a market cap of $20.27 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. Check Point Software Technologies Ltd. has a 12 month low of $178.64 and a 12 month high of $234.35. The company’s 50-day moving average price is $196.41 and its two-hundred day moving average price is $205.14.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $1.49. The company had revenue of $677.50 million during the quarter, compared to analysts’ expectations of $673.60 million. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. Check Point Software Technologies’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 earnings per share. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS. Q4 2025 guidance at 2.700-2.800 EPS. On average, research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of recent research reports. Stifel Nicolaus set a $211.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 22nd. BMO Capital Markets lifted their price objective on Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Stephens dropped their target price on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating for the company in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $230.48.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.